REX INTERNATIONAL . Worth a buy now ?

REX has close to S$90 million in cash/equivalents following the monetisation of interests in certain assets in Norway,

Versus a market cap of S$255 million (share price 20 cents).

On 5 November 2019, Rex announced it will commence drilling an appraisal well in Oman.

Oil prices jump 2% in early trading as tensions in the Middle East mount, Brent crude tops $70

On Friday, Citi global head of commodity research Ed Morse said that Brent prices will top $70 in short order, while Again Capital’s John Kilduff said that if Iraq production takes a hit “oil prices will spike higher.”

www.cnbc.com/2020/01/05/oil-prices-rise-...ddle-east-mount.html